XML 25 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Intangible Assets and Goodwill
3 Months Ended
Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
The following table details the carrying values of the Company’s intangible assets and goodwill (in millions):
 June 27,
2020
March 28,
2020
Definite-lived intangible assets:
Reacquired Rights $400  $400  
Trademarks23  23  
Customer Relationships404  404  
Total definite-lived intangible assets827  827  
Less: accumulated amortization(144) (132) 
Net definite-lived intangible assets683  695  
Indefinite-lived intangible assets:
Jimmy Choo brand (1)
364  367  
Versace brand (2)
930  924  
1,294  1,291  
Total intangible assets, excluding goodwill$1,977  $1,986  
Goodwill (3)
$1,490  $1,488  

(1)Includes an accumulated impairment loss of $180 million recorded during the fourth quarter of Fiscal 2020. The change in the carrying value since March 28, 2020 reflects currency translation.
(2)The change in the carrying value since March 28, 2020 reflects currency translation.
(3)Includes an accumulated impairment loss of $171 million related to the Jimmy Choo retail and licensing reporting units recorded during the fourth quarter of Fiscal 2020. The change in the carrying value since March 28, 2020 reflects currency translation.
Amortization expense for the Company’s definite-lived intangible assets for the three months ended June 27, 2020 and June 29, 2019 was $11 million and $13 million, respectively. There were no goodwill or definite-lived and indefinite-lived intangible asset impairment charges recorded during any of the periods presented.